I created the following video to educate my clients and friends about the current state of the real estate market. In addition, the California Association of Realtors recently issued guidelines related to Governor Newsom’s stay-at-home directive. Click HERE to read.
If you have any questions, please contact me. I am here to help.
State of the Real Estate Market from Katie Jarman on Vimeo.
Overall, the Northern California’s housing market enjoyed a good year in 2015, although a shortage of homes on the market posed a challenge for many homebuyers. Double-digit price increases from a year ago were common in many communities, along with multiple offers on some homes, while the limited inventory helped keep a lid on home sales. As 2016 begins, many industry experts believe we’re heading towards a more balanced market, one in which inventory will gradually increase and sales will climb at a moderate rate. If the forecast holds true, it could be welcome relief for potential homebuyers who may have been frustrated by last year’s heated marketplace and the limited number of homes from which to choose. The National Association of REALTORS® (NAR®) forecasts home sales nationwide to rise approximately 3 percent in 2016 to 5.45 million units, up from an estimated final tally of 5.3 million units in 2015. The national median existing-home price is expected to rise to around 5 percent in 2016. (more…)
Many sellers wonder if they should stage their home before selling it. The answer is typically going to be “Yes”, although there are a few exceptions. This article from SFGate cites several Bay Area realtors as they explain why staging makes sense (or not).
I have found that houses that come on the market early (February, March and April) get the most attention; lack of competition means a higher proportion of buyers see those properties and make faster offers. There is a 27 percent drop in inventory this year over last year. Inventory is even more scarce in the higher end of the market ($1.5 million and above in desirable southern Marin). Literally, agents are bringing their potential buyers to the front doors of sellers, often before their homes are listed!
Feeling overwhelmed with the idea of preparing your home for sale? Contact me
, and I can put you in touch with some of my favorite resources for fixing up and organizing your home. I will also provide a free market analysis of your home.